Transport for London and union representatives will appear at City Hall today to explain how they'll find 12 billion pounds of savings before 2018.
The Transport Committee also aims to find out whether rumours of ticket office closures and staff cuts are true.
It will also discuss how Transport for London will handle a major cut to its government grant.
Following the Government's Spending Review, there are plans to reduce TfL's budget by a quarter - £207 million - by 2016.
The London Legacy Development Corporation, the organisation responsible for developing the Olympic Park following the London 2012 Games, is to be questioned on its plans.
The London Assembly's Regeneration Committee will quiz guests from the LLDC on how Olympic and Paralympic legacy objectives can be met.
Questions are expected to centre around the benefits being brought to east London as well as housing and employment opportunities.
A new report from the London Assembly is calling for measures, including lifting caps on council borrowing, to allow London councils the opportunity to build housing suitable for low-income families.
In the last decade councils have built less than 0.5% of new homes in England.
The report sets out strong recommendations to support London boroughs who want to increase their stock of council housing.
London Assembly members are debating the impact of the Mayor's 2020 vision on the capital's future transport needs.
The Transport Committee along with a panel of experts are examining the plans, which include increased tube automation and the construction of Crossrail Two.
The author of today's report into the Metropolitan Police's use of new technology said:
The Met has been paying over theodds for technology for years – much of which has gone on maintaining acollection of out-dated and increasingly inefficient systems put together overthe last 40 years. This has got to change.
“Every other person has asmartphone in their pocket and yet the Met are only just starting to look atrolling out similar tools. They should also be working on predictive crimemapping, like that used in Los Angeles, to get officers in the right place atthe right time to deter criminals and reassure the public."
A report from the London Assembly says the Metropolitan Police must use more new technology to help fight crime. It says this could save the force time and money. The report highlighted key areas to improve the force's use of technology:
- Mobile technology: The report welcomes plans to introduce 20, 000 mobile devices to officers over the next year. It says if they're implemented properly, they could save time and paperwork by allowing officers to file reports on the go.
- Predictive crime mapping: A computer programme that uses historic crime statistics and other facts - such as the weather - to predict the areas where crime is most likely to occur. A six month trial in Los Angeles showed crime rates decreased by 12% and vehicle crime by 25%.
- Mobile technology: The Committee also calls for the force to do more to make the most of social media, like Twitter, which offer a cheap and effective platform to reach out to communities.
Today's report into the use of technology in the Met compares the force to others across the world. It says not enough has been done to bring innew technologies – like predictive crime mapping, mobile handheld devices andsocial media – to make working practices more efficient and reduce crime.
Smart policing_, by the Assembly’s Budget and Performance Committee argues that, faced with a 20 per cent cut in spending over the next three years, the Met can no longer afford to spend 85% of its ICT budget on maintaining old technology, some of which dates back to the 1970s.
The force has a total of 750 separate systems, 70% are already redundant, rising to 90% by 2015.
Crime in the capital is higher than it could be due to decades of poorly planned technologyinvestment, according to the London Assembly. A report out today says the force's approach to IT is out-of-date, ineffective andoverly-expensive.
Some of the capital's lesser known theatres are at risk of closing unless more is done to help them survive, according to a new report from the London Assembly.
Almost half of London's 105 smaller venues feel insecure about their financial future, while more than a third are anxious that their venue might be sold to developers.
The report, named 'Centre Stage, will set out an action plan to help protect small theatres from closure.
Recommendations include appointing a new ambassador for small theatres and allowing venues to advertise on public transport by replacing out of date posters or filling empty spaces.